The Minister of State for Petroleum Resources, Ibe Kachikwu, has said that the federal government is yet to conduct the bid rounds for marginal oil fields because it is still awaiting approval from President Muhammadu Buhari. At an interactive session with journalists, which after the Vice-President, Yemi Osinbajo, declared the inaugural Nigeria International Petroleum Summit (NIPS), in Abuja closed, Kachikwu ...
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Modular refineries: FG woos investors with tax waivers, contributory finance
The Federal Government has assured investors seeking to build modular refineries in the Niger Delta region of tax waivers and contributory finance. Rabiu Suleiman, the Senior Technical Adviser to the Minister of State for Petroleum Resources, made this known at the ongoing Nigeria International Petroleum Summit (NIPS) in Abuja on Wednesday. Suleiman, who spoke during one of the sessions on ...
Read More »Refinery investors will be known in March – Kachikwu
FThe Minister of State for Petroleum Resources, Ibe Kachikwu, has said that the Federal Government would disclose the private investors in the refineries in March. Making this intimation during the ongoing Nigerian International Petroleum Summit (NIPS), Kachikwu said the government was also considering a policy that would compel multinational oil and gas firms operating in the company to build refineries ...
Read More »Kachikwu directs NNPC to clear fuel queues in Abuja before Sunday
The Minister of State for Petroleum Resources, Ibe Kachikwu, on Thursday, directed the Nigerian National Petroleum Corporation (NNPC) to ensure that petrol queues were cleared in Abuja before Sunday. Kachikwu gave the directive at a world news conference to intimate journalists on the upcoming international oil and gas conference and exhibition tagged the Nigerian International Petroleum Summit (NIPS). According to ...
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